Updated January 2018
FHA streamline is one of the most popular mortgage refinance programs in the last couple of years. If you are interested in FHA streamline mortgage refinance, it is important that you know what the current rates are – because they change frequently.
Interest rates for an FHA loan vary. The only way to get an accurate quote is to speak with a lender who can help you immediately. To make your search a lot easier and more time-efficient, we may give you an average rate that reflects the trends right now. This rate information is a ballpark estimate. To get an exact interest rate quote for the FHA programs, you may talk to an FHA-approved lender.
Shop for FHA Streamline Lenders for the Best Rates
The best way to get the best rate for you when doing FHA streamline refinance is to shop around for multiple lenders. Make sure you make a pro and cons list to take into account each factor with each lender. Each lender sets their own rates because the government doesn’t set the interest rates for FHA loans.
By shopping around you will give yourself the opportunity to find the best rate and repayment. Sometimes you will still see different rates from the same lender. Therefore, you have to make sure to get all the information including who you are speaking with to make sure it is validated.
Shopping for the best refinance rates is easy and doesn’t take too much time.
There is never any obligation to get a loan when finding out information. Make sure to always get your streamline loan quote in writing along with multiple quotes throughout this process.